Each lot is about 7700 square feet and we believe they are currently zoned R2.We haven't done any ground-up construction yet, but we're not afraid of it.

Your better bet is with the income from the business and adding back any depreciation expense you are claiming. 

I have experience with many facets of residential construction and property preservation.I am looking to break into the Real Estate market by purchasing single or multi-family homes to improve and then rent them out or sell them.I've downloaded several Bigger Pockets podcast episodes and listen to them while working on client projects and in my home gym. 

I too, am aiming for the BRRRR strategy, with my wife's family owning a construction company, we can use her resources at great costs.

I am currently in South Florida and I have a background in construction and estimating. 

I'm definitely curious what figures other people are using that invest in condos)Property taxes: $200Payment: $344 (5%, I'm hoping I can get this, but going to reach out some banks in the next day or two)Monthly Cashflow: $239Yearly Cashflow: $2868Cash on Cash: 15.9%Again, I'd very much appreciate any constructive criticism and thoughts. 

As a Real Estate Development, I have primarily focused on construction; managing construction budgets, dealing with contractors, and fighting the battles no one else wants to battle. 

I bet if you buy multiple, either company would give you a small break on them.

Even if you are not cash flowing right now, you have a newly constructed home. 

You also need to consider if you are compatible with living in a construction zone.